Markets dumped down today on profit taking as Smart Money sold on the Good News. The rally was over-bought on the Short Term as the Leaders were back up in the Red Zones (probably too late to Buy for the Short Term).
The Leaders should bounce near their Pink Line (10-day avgs.) soon and try to go higher.
Please be patient and WAIT for Green Zone Money Wave Buy Signals below.
Crude Oil was unchanged today at $53.00.
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The Following Investments will probably have a Money Wave Buy Signal soon.
(Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY
EUM INVERSE EMERGING MARKETS FUND Medium Term Buy today. Target is $21.75. Place Sell Stop Loss below Support of $19.30 on the Close.
RWM INVERSE SMALL CAP FUND Money Wave Buy today. RWM will not be logged as it is already up 3.8% today.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Money Wave Buys Signals Soon:
ENDP ENDO PHARMA Place Buy Stop Order above $13.02.
LW LAMB WESTON Relative Strength is Below 90.
NIHD NII HOLDINGS
VSLR VIVINT SOLAR
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE. The Leaders are still Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
LOWER SELL STOP LOSS on CIEN CIENA CORP. to $30.33 on the Close.
EXIT XLP CONSUMER STAPLES FUND if it is going to Close below the Pink Line around $55.44.
CHANGE NIHD NII HOLDINGS to Long Term (Sell Stop Loss below the Green Line of $3.99. This trade was not logged.
EXIT ULTA ULTRA BEAUTY if it is going to Close below your Buy Price, or $300.37. This trade was not logged.
Please Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days. We will “Not Log” trades if the Reward/Risk is not at least 2:1.
SQ chart?
SQ was sold yesterday on Money Wave Email Alert.
SQ Chart